- AI and Machine Learning job postings on Indeed rose 29.10% over the last year between May 2018 and May 2019.
- Machine Learning and Deep Learning Engineers are the most popular jobs posted on Indeed between 2018 and 2019.
- Machine Learning Engineers are earning an average salary of $142,858.57 in 2019 based on an analysis of all open positions on Indeed.
- Indeed is seeing a leveling off of candidate-initiated searches for AI & Machine Learning (ML) jobs, dropping 14.5% between May 2018 and May 2019
These and many other insights are from Indeed’s recent report of the top 10 AI Jobs, and Salaries. Indeed’s analytics team completed an analysis of AI and machine learning hiring trends in 2019 to discover the top positions, highest salaries, and where the best opportunities are. The following are key insights from their latest study of AI and machine learning recruiting and hiring trends:
- Machine Learning Engineers earn an average salary of $142,858.57 in 2019 based on an analysis of all open positions on Indeed. The Indeed analytics team found that the average annual salary for Machine Learning Engineers has grown by $8,409 in just a year, increasing 5.8%. Algorithm engineer’s average annual salary rose to $109,313 this year, an increase of $5,201, or 5%. Both salary bumps are likely a result of organizations’ spending more to attract talent to these crucial roles in a competitive AI job market
- Machine Learning and Deep Learning Engineers are the most sought-after, popular jobs posted on Indeed between 2018 and 2019. The Indeed analytics team identified the top 10 positions with the highest percentage of job descriptions that include the keywords “artificial intelligence” or “machine learning.” New jobs appearing on the list for the first time include Senior Data Scientist, Junior Data Scientist, Developer Consultant, Director of Data Science, and Lead Data Scientist. The inclusion of five new titles and the mix of skills shown in the table below reflects organizations’ growing expertise using AI, deep learning, and machine learning to drive business outcomes.
- AI and Machine Learning job postings on Indeed rose 29.10% over the last year between May 2018 and May 2019. Indeed found the increase is significantly less than it was for the previous two years. During the same period, May 2017 to May 2018 AI job postings on Indeed rose 57.91%, and a whopping 136.29% between May 2016 and May 2017.
- Indeed is seeing a leveling off of candidate-initiated searches for AI & Machine Learning (ML) jobs, dropping 14.5% between May 2018 and May 2019. In comparison, searches increased 32% between May 2017 and May 2018 and 49.1% between May 2016 and May 2017. There are demand-and supply-side explanations for the 14.5% drop. From the demand side, the effects of AI and machine learning reaching broader adoption and maturing in organizations is leading to a greater variety of skills being recruited for. The 14.5% reduction reflects the broadening base of skills enterprises need to get the most out of AI and machine learning. From a supply side, potential job candidates are seeing the broadening base of skills they need to get hired, which are quickly making job descriptions from two years ago or longer obsolete. Finding candidates who have capabilities and potential to excel in AI and machine learning positions needs to get beyond just relying on job descriptions. Eightfold is doing just that by relying on machine learning algorithms to match candidates who have the optimal set of capabilities and potential for every open position an organization has.
- New York, San Francisco, and Washington D.C. are the top three cities for AI and machine learning jobs in 2019. Indeed’s 2018 study also found New York and San Francisco leading all other metropolitan areas in open positions. New York’s diverse industries that range from banking, financial services, institutional investing, insurance to a growing AI startup community all contribute to its ranking first in the U.S. for AI positions.